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Pros/cons of just paying off the whole car in cash?
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Mar 20, 2022 16:49
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KillHour posted:You can live in your car but you can't race your house bet
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Mar 20, 2022 16:56
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GlassEye-Boy posted:Pros/cons of just paying off the whole car in cash? The cons are that you have all that money tied up in a car when you could have gotten a 2% loan that is lower than inflation and put that money into literally anything else.
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Mar 20, 2022 16:57
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KillHour posted:The cons are that you have all that money tied up in a car when you could have gotten a 2% loan that is lower than inflation and put that money into literally anything else. Ya with a loan rate below inflation the car literally gets cheaper over the loan term in real dollars, even if you don’t invest the difference (but you should) Guinness fucked around with this message at 17:05 on Mar 20, 2022 |
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Mar 20, 2022 16:59
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GlassEye-Boy posted:Pros/cons of just paying off the whole car in cash? payoff pros: if you have bad credit and a bad interest rate it may be cheaper in the long run. not having to fuss with making payments. having title in hand is more convenient if you want to sell the car. (i'm really stretching here) removes any risk of being underwater on the loan payoff cons: if you have good credit and a low interest rate, you can earn a much better return elsewhere. generally not paying off is better if you have a low interest rate and good credit
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Mar 20, 2022 17:20
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If you have bad credit to repair you're probably better off financing like $10k, quickly pay most of it off so the interest charges are low, and pay the rest off over a year or two. Then you have on record responsibly paying off an auto loan which will make it easier in the future instead of just being another first time buyer.
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Mar 20, 2022 17:36
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All of that is obviously mostly applicable for new car purchases, where good financing deals are possible. Or you could buy a used car. I've bought a new car exactly once and I'm probably never doing that again.
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Mar 20, 2022 18:31
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GlassEye-Boy posted:Pros/cons of just paying off the whole car in cash? One pro is that you’re not shopping on monthly payment/overspending on a car.
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Mar 20, 2022 19:58
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Great, thanks for the replies guys.
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Mar 20, 2022 22:39
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wolfs posted:im driving my paid off 2017 honda cr v until gas goes outta style. I was idly fantasizing about Honda sensing safety stuff in a slightly newer model but screw it. That’s just more junk that can break in the long run It would have made absolutely no sense at the time but now I'm wishing I'd kept my 2013 CR-V when I bought my Canyon. Guarantee it'll run to 250-300k miles without a second thought, and as little as I'm driving now that could have been my grocery getter for the next decade+.
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Mar 20, 2022 22:51
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One pro of paying in full up front is just not having to worry about monthly payments. If you get laid off, get hurt and can’t work etc, you don’t have to worry about the repo man
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Mar 20, 2022 22:56
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Head Bee Guy posted:One pro of paying in full up front is just not having to worry about monthly payments. If you get laid off, get hurt and can’t work etc, you don’t have to worry about the repo man the assumption is you would have put that extra initial money in some savings/investment account and not blow it all on scratch offs after getting your loan. So even if you do get laid off, you should have the money to pay the monthly. In that sense, it’s even better to not pay up front because that liquid money can be used to buy stuff like food instead of being stuck in a depreciating asset (that you probably don’t want to sell anyways)
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Mar 20, 2022 23:20
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MeruFM posted:the assumption is you would have put that extra initial money in some savings/investment account and not blow it all on scratch offs after getting your loan. So even if you do get laid off, you should have the money to pay the monthly. My used car has appreciated $10k 
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Mar 21, 2022 00:10
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My thoughts on people taking more loan than they can handle: once WW3 starts and we all get nuked, they're gonna have the last laugh because they at least got to enjoy their $100k trucks or whatever while I was busy being fiscally responsible and miserable.
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Mar 21, 2022 03:51
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Koirhor posted:My used car has appreciated $10k It's all about growing your truck equity 
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Mar 21, 2022 09:10
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Truckuidity
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Mar 21, 2022 15:12
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Am I insane for thinking that the Chinese market Chevrolet Orlando looks really good?   Look at that! Six loving seatback pockets! I’m spurting here
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Mar 21, 2022 16:15
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Do the Chinese go crazy for seat pouches like we do cup holders?
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Mar 21, 2022 16:23
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Bouillon Rube posted:Am I insane for thinking that the Chinese market Chevrolet Orlando looks really good? nope, a lot of great cars coming out in the Chinese market from domestic and international manufacturers. Too bad we'll never get any here.
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Mar 21, 2022 16:25
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Sab669 posted:Do the Chinese go crazy for seat pouches like we do cup holders? The Chinese market is all about prioritizing rear seat passengers. Most equivalent models we can buy here have extended wheelbases in China so there's room in the back. Basically the culture is based around people being driven around in a car rather than driving it themselves. That's also why rear seat stuff is full of pouches and other conveniences because again they want the passengers comfortable.
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Mar 21, 2022 16:30
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Bouillon Rube posted:
I mean if you like that, you're gonna get a kick out of these https://www.amazon.com/Reserwa-Back...ps%2C101&sr=8-6
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Mar 21, 2022 16:32
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Kraftwerk posted:The Chinese market is all about prioritizing rear seat passengers. Most equivalent models we can buy here have extended wheelbases in China so there's room in the back. Basically the culture is based around people being driven around in a car rather than driving it themselves. While you are correct that there is a lot of emphasis on rear seat comfort, amenities, and being driven, this is a lot less true than it once was. Many more ordinary Chinese middle/upper middle class people are getting licenses and driving themselves. Costs of drivers relative to cars is going up quite a bit due to rising wages. Back 10 years ago or so it was almost a given that the owner/user of the car would not be the driver, but now that's no longer the case and driving oneself is seen as kind of hip and modern.
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Mar 21, 2022 16:42
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Welp, as we all kind of knew in our hearts, it seems Mazda may now be denying rumors of an upcoming RWD straight-six Mazda6: https://www.drive.com.au/news/new-rear-wheel-drive-mazda-6-not-happening-says-brand-executive/ quote:Reports out of Japan over the last two years have claimed a new Mazda 6 sedan is in the works, with rear-drive underpinnings, inline-six power, and styling inspired by 2017's Vision Coupe concept – but Mazda Europe development and engineering boss Joachim Kunz has confirmed to Autocar (16 March) it won't come to fruition. It's a bummer, but maybe for once Mazda is reading the tea leaves instead of lighting money on fire and risking the company chasing oddball vehicles. 
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Mar 21, 2022 17:01
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Guinness posted:Welp, as we all kind of knew in our hearts, it seems Mazda may now be denying rumors of an upcoming RWD straight-six Mazda6: Aww that's a bummer but if they have to cut it to keep the company afloat, so be it. Does the I6 fit into the Miata? That's what I want to know.
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Mar 21, 2022 17:11
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Kraftwerk posted:The Chinese market is all about prioritizing rear seat passengers... 
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Mar 21, 2022 17:12
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Guinness posted:Welp, as we all kind of knew in our hearts, it seems Mazda may now be denying rumors of an upcoming RWD straight-six Mazda6: He kinda neither confirms or denies it... They already made the new FR platform with the CX60, 70 and 90, so I'd be surprised if the next Mazda 6 didn't use it.
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Mar 21, 2022 17:17
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what this is saying to me is that there won't be a next generation mazda6
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Mar 21, 2022 18:55
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^^^^ Yeah, I thought I'd heard a while back that the 6 was being discontinued. Too bad, as for reasons unknown I seem to have this weird thing (boner) for inline 6es. Would probably consider buying one when my Corolla finally dies, in like 300 years or so. If they come with a Manual transmission. Also, that Chinese Chevy Orlando doesn't look awful. Would probably never buy one if they startd selling them in Canada, but they don't look bad. wesleywillis fucked around with this message at 21:49 on Mar 21, 2022 |
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Mar 21, 2022 21:40
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wesleywillis posted:Too bad, as for reasons unknown I seem to have this weird thing (boner) for inline 6es. Would probably consider buying one when my Corolla finally dies, in like 300 years or so. If they come with a Manual transmission. The Mercedes I6 is excellent, it's finally making it into more US models, and nobody wants sedans so they are depreciating quickly and weren't expensive (compared to SUVs and crossovers) new anyway.
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Mar 21, 2022 22:06
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Guinness posted:Welp, as we all kind of knew in our hearts, it seems Mazda may now be denying rumors of an upcoming RWD straight-six Mazda6: That sucks, but makes me feel even better about getting something when I did instead of waiting.
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Mar 21, 2022 22:38
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Twerk from Home posted:The Mercedes I6 is excellent, it's finally making it into more US models, and nobody wants sedans so they are depreciating quickly and weren't expensive (compared to SUVs and crossovers) new anyway. Why would you get this over a BMW i6?
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Mar 21, 2022 22:44
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Kraftwerk posted:Why would you get this over a BMW i6? They look super similar, and I was daydreaming about an E-class, not a 3 or 5 series: https://www.roadandtrack.com/new-cars/car-technology/a26907503/2019-mercedes-amg-e53-straight-six-engine-tech/ I guess that the big differences are that Mercedes is putting an integrated starter-generator mild hybrid system on higher performance cars, while BMW seems to be starting with diesels, lower-trims, and efficiency focused cars. Also the B58 has two turbos while the M256 gets by with one bigger one. They're both doing the 48V electric superchargers, and dimensionally the engines look almost the same: https://www.marklines.com/en/report_all/rep1752_201808 http://youwheel.com/home/2016/03/27/detailed-analysis-the-bmw-b58-inline-6-cylinder-engine/ I haven't dug to see if the B58 is all electric accessories also, but I'd bet it is.
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Mar 21, 2022 23:01
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I've started seeing Mavericks out in the wild and boy that is a really appealing package in person. I hope the inevitable Ford new-model fuckups are relatively minor and they can build as many of them as they need to.
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Mar 21, 2022 23:37
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Twerk from Home posted:They look super similar, and I was daydreaming about an E-class, not a 3 or 5 series: https://www.roadandtrack.com/new-cars/car-technology/a26907503/2019-mercedes-amg-e53-straight-six-engine-tech/ B58 has a single twin-scroll turbocharger, not two turbos (S58 is twin-turbo, it's confusing because they call their twin-scroll turbos 'twinpower'). Also the B58 uses a belt-driven water pump vs. the electric pumps used in earlier BMW engines (like the N55). Some B58's use a 48V mild hybrid system but not all, it's in the form of a starter/generator though as it doesn't have an electric supercharger. Also I'm fairly certain that the B58 cars use a belt-driven AC compressor despite the mild hybrid 48V system. Edit: Not sure if the mild hybrid thing is EU only? USA cars might not get it, dunno. Blackhawk fucked around with this message at 00:27 on Mar 22, 2022 |
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Mar 22, 2022 00:25
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mobby_6kl posted:Aww that's a bummer but if they have to cut it to keep the company afloat, so be it. Does the I6 fit into the Miata? That's what I want to know. You guys are looking at this all wrong. This is great news as I think people were getting tired of the normal "Mazda totally working on a new Rotary ____________" clickbate articles we get every few months. Now we can get fresh ones with "I spoke to a random guy at Mazda who assured me a Rotary extender powered I6 Mazda6 is coming like ANY DAY NOW!"
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Mar 22, 2022 00:29
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FBS posted:I've started seeing Mavericks out in the wild and boy that is a really appealing package in person. I hope the inevitable Ford new-model fuckups are relatively minor and they can build as many of them as they need to. As much as I like my Tacoma and would (probably) never give it up,. I really hope the Maverick is a roaring success. Have to admit I'm not a fan of the looks of the santa cruz, though again I'm behind the idea of it.
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Mar 22, 2022 01:16
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My first car I bought with my own money was a 2002 Ford Ranger. Its still going strong, I gave it to my in laws. Anyways that truck taught me never to buy another, as suddenly I was everyone's best friend when they needed to move or go to Ikea.
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Mar 22, 2022 01:22
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smooth jazz posted:My first car I bought with my own money was a 2002 Ford Ranger. Its still going strong, I gave it to my in laws. You're supposed to leverage that for free meatballs.
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Mar 22, 2022 01:38
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The trick is not having any friends.
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Mar 22, 2022 02:37
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Kraftwerk posted:Why would you get this over a BMW i6? Check out this guy who hasn’t discovered how loving awful modern bmws look
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Mar 22, 2022 02:38
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